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Best Western TimberRidge Inn 120 W 18th St 46 Room Hotel Grove, OK 74344 $4,700,000 ($102,174/Room) 9.99% Cap Rate
Investment Highlights
- High-performing midscale hotel with accelerating top-line growth
- February RevPAR up 56% YOY, materially outperforming the comp set
- Original ownership for 30+ years — never sold; proven, consistent cash flow
- Major new demand generator: Wolf Creek Expo Center (50,000 SF) entering its first full operational year
- Absentee ownership with long-tenured on-site management and staff
Executive Summary
Conventional, SBA 504 & 7(a), and other financing options available
Priced at 3.2× Room Revenue Multiple (RRM)
T12 Revenue: $1.43M+
YTD revenue growth: $70K+ through mid-March
Deal Room: https://www.marcusmillichap.com/properties/164010/best-western-timberridge-inn
Priced at 3.2× Room Revenue Multiple (RRM)
T12 Revenue: $1.43M+
YTD revenue growth: $70K+ through mid-March
Deal Room: https://www.marcusmillichap.com/properties/164010/best-western-timberridge-inn
Property Facts
| Price | $4,700,000 | Lot Size | 3.00 AC |
| Price Per Room | $102,174 | Building Size | 23,400 SF |
| Sale Type | Investment | No. Rooms | 46 |
| Cap Rate | 9.99% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1997/2024 |
| Property Subtype | Hotel | Parking Ratio | 3.76/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C-2 | ||
| Price | $4,700,000 |
| Price Per Room | $102,174 |
| Sale Type | Investment |
| Cap Rate | 9.99% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 23,400 SF |
| No. Rooms | 46 |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2024 |
| Parking Ratio | 3.76/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 46 | $122.00 | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0065523 | Improvements Assessment | $146,266 |
| Land Assessment | $19,416 | Total Assessment | $165,682 |
Property Taxes
Parcel Number
0065523
Land Assessment
$19,416
Improvements Assessment
$146,266
Total Assessment
$165,682
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Best Western TimberRidge Inn | 120 W 18th St
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